Enterprise Ireland Trend Forecast 2021/22 8 September
Monday 10 August 2020
Former Minister for Employment Affairs and Social Protection, Regina Doherty, launched an Enterprise Support Grant for Small Businesses on 25th June.
The Department of Social Protection’s Enterprise Support Grant will be made available to assist self-employed recipients who are exiting the Pandemic Unemployment Payment (PUP) scheme with a once-off grant of up to €1,000 to re-start their business. Applicants will be required to produce VAT receipts/invoices in respect of business re-start costs and expenses claimed.
This support will be helpful for sole traders working from home with a turnover of less than €1m who are not in rateable premises and therefore are not eligible for the Restart Grant.
The extension of the grant to eligible recipients of the Pandemic Unemployment Payment will provide businesses with a once-off payment of up to €1,000. The Grant will be awarded to tax and PRSI compliant self-employed individuals who:
It is envisaged that those who close their PUP claim will have a period of 4 weeks, from date of claim closure, within which to submit a claim. This is to allow time for claimants to incur the necessary expenditure, gather receipts and submit a claim.
Now that a decision has been taken to extend the scheme in this manner, the Department is developing the systems to put it into effect and will communicate how to access the grant in the coming weeks.
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